Access to printed or electronic material or information (the “Information”) concerning Rhodium Capital Management (UK) Ltd, or any of its related or affiliated entities, is not intended for you if you are not eligible to receive it without any party breaching legal or regulatory requirements in any relevant jurisdiction. If you are not the intended recipient of such Information, you are not allowed to use this Information and you should disregard/delete and/or destroy the Information. The Information is not intended to influence you in making any investment decisions and should not be considered as advice or a recommendation to invest. The Information may not be suitable for all investors and investors must make their own investment decisions using their own independent advisors and relevant offering material. Any investment decisions must be based upon an investor's specific financial situations and investment objectives and should be based solely on the information in the relevant offering memorandum, if and when provided pursuant to ann approved request. Income from an investment may fluctuate and the price or value of any financial instruments referenced in the Information may rise or fall. Past performance is not indicative of future results. Any Information relating to investment funds managed by Rhodium Capital or any related entities, is qualified in its entirety by the certain Offering Memorandum or Private Placement Memorandum ("Offering Documents") relating to such fund. In the case of conflicting information, only the Offering Documents shall govern. We assume no responsibility or liability for the correctness, accuracy, timeliness or completeness of the Information, for any viruses contained in, or attached to, any email or for any loss, damage or lost opportunities resulting from the use of the Information. Any Information, views, opinions or assumptions may be subject to change without notice.

This document represents the Stewardship Policy (the “Policy”) Rhodium Capital Management (UK) Ltd. Under Rule 2.2.3R of the FCA's Conduct of Business Sourcebook, Rhodium is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code sets out a number of principles relating to engagement by investors with UK equity issuers, as follows:

The seven principles of the Code are that institutional investors should:

Publicly disclose their policy on how they will discharge their stewardship responsibilities;

Have and publicly disclose a robust policy on managing conflicts of interest in relation to stewardship;

Monitor their investee companies;

Establish clear guidelines on when and how they will escalate their activities;

Be willing to act collectively with other investors where appropriate;

Have a clear policy on voting and disclosure of voting activity; and

Report periodically on their stewardship and voting activities.

The Firm pursues an investment strategy to which the aims of the Code are not relevant.

The Firm’s investment strategy focuses on European debt and credit-related investments across a mix of value, arbitrage, income and event-driven strategies, investing in instruments to which the aims of the Code are not relevant.Consequently, while the Firm supports the general objectives that underlie the Code, the provisions of the Code are not relevant to the type of trading currently undertaken by the Firm. If the Firm's investment strategy changes in such a manner that the provisions of the Code become relevant, the Firm will amend this disclosure accordingly. For further information on the Firm’s approach contact: